Sold @ Hollis Morgan April Auction, BS7

Hollis Morgan *** SOLD @ APRIL AUCTION *** - A 1950's property ( 1490 Sq fT ) arranged as a 6 BEDROOM INVESTMENT with PROFESSIONAL tenants producing an income of ?39,600 pa

FOR SALE BY AUCTION

*** SOLD @ AUCTION ***GUIDE PRICE ?375,000 +++SOLD @ AUCTION ?380,000LOT NUMBER 26Thursday 6th April 2017All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY Legal packs will be available for inspection from 18:00. The sale will begin promptly at 19:00

SOLICITORS

Ana JagotaJMW Solicitors 1 Byrom Place, Manchester, M3 3HGTel; 0345 872 6666Tel: 0161 828 [email protected]

ONLINE LEGAL PACKS

Digital Copies of the Online legal pack can be downloaded Free of Charge. Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List. Follow the RED link to Download Legal Packs For the first visit you will be required to register simply with your email and a password. Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them. You will be automatically updated by email if any new information is added. *** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

THE PROPERTY

A well proportioned Freehold 1950s semi detached property ( 1490 Sq Ft ) that has been converted into an HMO style 6 bedroom investment property with off street parking and mature enclosed garden.The accommodation comprises a spacious modern kitchen and separate reception room with 6 letting rooms and 3 bathrooms.Tenants can walk across the Green direct to Airbus which is a major pull for maintaining a high occupancy rate

LOCATION

Shields Avenue is located within the popular suburb of Filton. Local amenities and services including convenience stores, pubs, cafes are all within close proximity. The University of The West of England is less than two miles away. Bristol City Centre is approximately five miles awayLarge employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road North has a regular bus service to the City Centre.

THE OPPORTUNITY

EXCELLENT INVESTMENT OPPORTUNITY The property is let to professional tenants with a current income of ?39,600 pa with a steady supply of professional tenants from nearby Airbus and similar companiesFAMILY HOMEThe property would make a fine family home in this highly sought after location close to local schools

INCOME

All rooms are let on AST agreements ( refer to legal pack )Room 1 - ?570 PCM ( Moved in 27/10/2016 )Room 2 - ?565 PCM ( Moved in 04/06/2016 )Room 3 - ?520 PCM ( Moved in 04/06/2016 )Room 4 - ?550 PCM ( Moved in 27/10/2016 )Room 5 - ?560 PCM ( Moved in 27/11/2016 )Room 6 - ?540 PCM ( Moved in 30/06/2016 )Total - ?3,305 PCM / ?39, 660 PA The following are all included as part of the rent: Council Tax, TV Licence, Utilities, Internet, Cleaner and Gardener.

EPC

For full details of the EPC please refer to the online legal pack.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a ?750 + VAT (?900 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

GUIDE PRICE

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PRE AUCTION OFFERS

Some properties may be available to buy prior to the auction. Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to [email protected]. Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released. In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer s premium ( ?900 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

SURVEYS AND VALUATIONS

If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

BIDDING AT THE AUCTION

This property is for sale by public auction and if you intend to bid please bring the following: Proof of identity (valid passport or photo driving licence). Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement). 10% deposit payment. Buyers premium payment. Details of your solicitor.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction: Personal or Company Cheque Bankers Draft Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of ?900) are required by the Auction Department at least two full working days before the auction.

AUCTION BUYERS GUIDE VIDEO

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don t hesitate to contact Auction HQ.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol based Life for a Cure as our 2017 Charity of the year which aims a LIFE for a CURE , to raise funds in support of finding the Ultimate Vaccine for Meningitis B. We are delighted to announce that 5 % of every buyer s premium will be donated to a Life for a Cure which was founded as both a legacy to Ryan and to help raise awareness and valuable funds in search of the ultimate vaccine. This Bristol charity run purely on a voluntary basis is simply about working together to stop other amazing young lives being lost to meningitis. - to learn more about Ryans Story and this fantastic cause please visit there website. www.ryanbresnahan.org/ In 2016 we raised ?4,000 for Bristol based housing charity Home Start to learn more visit the charity section of our website - www.hollismorgan.co.uk/charity/